BELOIT, Wis., April 30,
2018 /PRNewswire/ -- Mark J. Gliebe, Chairman and Chief
Executive Officer of Regal Beloit Corporation (NYSE: RBC),
announced that the Board of Directors, at its regular quarterly
meeting held on April 30, 2018,
declared a dividend of $0.28 per
share. The dividend represents an 8% increase and is payable on
July 13, 2018, to shareholders of
record at the close of business on June 29,
2018. The company has paid a dividend every quarter since
January 1961.
"Our business continues to generate strong operating cash
enabling us to reinvest in the business, pursue strategic growth
opportunities and return capital to shareholders. Over the last
three years we have returned over $126
million to our shareholders through regular quarterly
dividends," said Regal Chairman and CEO Mark Gliebe.
Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer
of electric motors, electrical motion controls, power generation
and power transmission products serving markets throughout the
world. The company is comprised of three business
segments: Commercial and Industrial Systems, Climate Solutions
and Power Transmission Solutions. Regal is headquartered in
Beloit, Wisconsin, and has
manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. For more information, visit
RegalBeloit.com.
View original
content:http://www.prnewswire.com/news-releases/regal-beloit-corporation-declares-quarterly-dividend-increase-of-8-300639353.html
SOURCE Regal Beloit Corporation